Saudi Arabia May Invest in Aspiring Tesla Rival Lucid Motors

Tesla plunged further on Elon Musk's acknowledgment of the hurdles standing in the way of his effort to take the company private and the emergence of another electric-car company attracting interest from a key investor.

Musk also indicated he had met with the manager of the Saudi wealth fund following the fund's accumulation of 5 percent of Tesla stock and had assumed following the meeting that the fund was ready to back such a bid in its entirety.

Now, however, Saudi Arabia's sovereign wealth fund has become the centre of attention for other reasons after Elon Musk, the founder of Tesla, invoked its name to justify his notorious tweet that he wanted to take the electric vehicle business private. Rather than soaring toward that value, the stock has since plummeted 20% as parts of Musk's story unravel and pressure mounts on Tesla's board for its handling of the iconic CEO. Bears including analysts at J.P. Morgan are now cautioning against the stock on doubts that funding was secured for a take-private transaction, or that there was any formal proposal for such a deal.

Saudi Arabia's sovereign wealth fund, PIF, recently made headlines when Elon Musk said they would potentially provide the funding to take Tesla private.

It follows an interview with the New York Times last week, in which Musk said he sacrificed family milestones in the race to meet Tesla production targets.

Shots fired outside US Embassy in TurkeyAlso Monday, Turkey filed a complaint about the USA tariffs at the World Trade Organization, the WTO said. The Ankara govenor's office said in a statement that three bullets hit an iron door and a window.

"But to do so means destroying the techno hype that has fueled Tesla toward equity valuation, enabling Musk to burn through billions in debt and equity capital based upon a promise of "green" transportation", he stated in a blog post. Rather, Musk explained he was led to believe that "no other decision makers were needed and that they were eager to proceed".

The bank cut its price target to $195 - 35% below its current level - after realizing no funding had actually been secured.

According to a report from the Wall Street Journal, a recent survey sent by an automotive supplier association to executives of Tesla suppliers found that 18 of the 22 companies surveyed believe that Tesla poses a financial risk to their companies. But I didn't walk away from it thinking, . A large number of investors known as short-sellers have bet against the company.

Huffington implored him in her post on Friday, 'You can't simply power through - that's just not how our bodies and our brains work'.

He said, "The worst is over from a Tesla operational standpoint, but from a personal pain standpoint, the worst is yet to come".

" Billionaire Boys Club " was one of the last movies Spacey filmed before he was hit with sexual misconduct allegations in 2017. The Hollywood Reporter described the film's cinema debut as a "career low at the box office" for the Oscar-winning performer.

Regina-born punter Jon Ryan and the Seattle Seahawks have parted company after a mutually prosperous 10-year association. Jon Ryan indicated he's out as Seahawks punter Monday morning with a tweet announcing the end of his tenure in Seattle.

White Sox manager Rick Renteria said she was "pretty good" and "threw a bullet". "She wanted to warm up". We're not sure how she was selected for first pitch duty, but we know for a fact she was well prepared.

In tweets over the weekend, Trump emphasized that he granted McGahn permission to talk with Mueller and his investigators. Like me, McCarthy believes it was mistake for Trump and his then-legal team to agree to the interviews.

Its been a big year for Whyte overall and no doubt he'll be looking to round it off with a third big win before the year is out. Tyson Fury has vowed to knock out Deontay Wilder when the two meet for the WBC heavyweight title in Las Vegas .

Results from fecal samples taken from 3-year-old J-50 are starting to come in from laboratories from across the country. But Canada's Department of Fisheries and Oceans and other partners are watching for the whales' return, the NOAA said.

Jones, a noted conspiracy theorist, has claimed the shooting was staged and that the parents were involved in a cover up. Despite Jones' questionable conduct, Donald Trump appeared on his radio show while campaigning for president.

Articles

The environmental cost of contact lenses
The team estimates that anywhere from six to 10 metric tons of plastic lenses end up in wastewater in the US each year. They found 15-20% of US users simply flick these fiddly lenses down the drain via the bathroom sink or toilet.

Watch 2018 MTV Video Music Awards live stream online
It is the first time MTV is organizing around the idea of youth voter engagement during a midterm election year. Ariana Grande, Shawn Mendes and Logic with Ryan Tedder will take the stage at the 2018 "VMAs".

Florida deputy saves child from hot vehicle
He picked her up, ran to his cruiser, and blasted the air conditioning. "I didn't feel a pulse", Dunn said. The child had been left after she had gone for a journey to the booze shop with her mother the day before.

Winona Ryder Reveals She & Keanu Reeves Might Be Married!
However, perhaps the strangest part is that their unwitting fans might have watched their wedding ceremony unfold on screen. A puzzled Reeves was left with no choice but to proclaim, "oh my gosh, we're married". "It was on Valentine's Day".

Green party minister bikes to hospital to have baby
Others described the cycle as " crazy " and risky , suggesting that Genter could have injured herself and her baby. The MP is expected to take three months of parental leave before returning to Parliament in early November.